Senators Tina Smith, Jerry Moran Push to Lower Cost of Cancer Treatments
Today, U.S. Senators Tina Smith (D-MN) and Jerry Moran (R-KS) introduced bipartisan legislation to ensure cancer patients who receive oral medications are not hit with thousands of dollars in unaffordable out-of-pocket costs that health plans routinely cover for patients receiving traditional IV chemotherapy treatments.
Their Cancer Drug Parity Act responds to the recent improvements in oral medications for cancer by preventing insurers from charging cancer patients higher copayments for those medications than for chemotherapy medicine delivered intravenously. An estimated 2 million Americans will be are diagnosed with cancer this year. A study on patients prescribed oral cancer medications found that one in eight patients faced copayments of $2,000 or more for their first prescription.
“Advancements in oral cancer medications have made life better for cancer patients across the country,” said Sen. Smith. “Oral medications are less intrusive than traditional IV treatments, can be taken at home, and have turned cancer into a manageable chronic disease for many. But while IV treatments are covered by a health plan’s medical benefits – with moderate to minimal copays – oral medications often have high, unaffordable copays. It can add up to thousands of dollars in costs for patients each year and can cause many to delay or forego necessary care to treat their cancer. Our bill brings parity to these two kinds of treatments and lowers costs for those taking oral cancer drugs.”